Odaily Planet Daily News According to a report from CoinGecko, CEX trading activity surged in 2024, with the Top15 CEX spot trading volume reaching $18.83 trillion, more than double the $8.05 trillion in 2023, but still below the all-time high of $25.21 trillion set in 2021.
Binance maintained its lead in 2024, accounting for nearly 40% of the total market share with a trading volume of $7.35 trillion. Bybit followed closely behind, ranking second with a share of 9.3%.
Crypto.com grew the fastest among exchanges, with trading volume increasing by 970% from $120.6 billion in 2023 to $1.29 trillion in 2024. Bybit and Gate.io grew by 398% and 242%, respectively.
CoinGecko tracked market trends from 2020 to 2024. The most active year was 2021, with spot trading volumes soaring 566.8% to $25.21 trillion from $3.78 trillion in 2020.